Divergence Macd+RSI Fast[RSU] -- No RepaintThis indicator combines the divergence of rsi and macd and displays it on the candlestick chart.
RSI:
1. When rsi is at a high point, once it falls by 1 k line, it will detect the divergence from the previous high point. This can quickly find the divergence that has taken effect and help you quickly capture the trend before a sharp decline or rise.
The difference between other RSI divergence indicators: the official divergence indicator is to detect the 5 and the k line, which may lead to a large amount of decline.
2. This indicator detects the previous high and the previous low of 5, 10, 20 lengths at the same time, instead of only detecting a fixed length, so that more deviations can be found.
MACD:
1. When MACD-diff line(orange color) is at a high point, once it falls by 1 k line, it will detect the divergence from the previous high point. This can quickly find the divergence that has taken effect and help you quickly capture the trend before a sharp decline or rise.
2. This indicator detects the previous high and the previous low of 5, 10, 20, 40 , 60 lengths at the same time, instead of only detecting a fixed length, so that more divergences can be found.
Notice:
Because it is a quick divergence detection, it is recommended to confirm that the divergence takes effect after the current k is completely closed first. I have identified this state in the indicator as "k not end".
Disadvantages and Risks:
Since it is a quick discovery, there will be error identification. Error divergences will recolor to grey.
Suggestion:
Use Alert catching divergence occurrences.
Please do not:
Don't go short in the uptrend, don't go long in the downtrend.
Top divergences that occur because of a strong uptrend are usually only temporary pullbacks. Bottom divergences in persistent declines are also temporary rallies. Do not attempt to trade such low-return trades.
It is recommended to use the divergence indicator when the stock price has made a new high and retraced, and once again made a new high, because this often leads to the end of the trend.
Divergence how to use:
1. After the previous candlestick was completely closed, a bottom divergence was found.
2. Open an long order at the beginning of the second bar, or as close to the bottom as possible (because the stop loss will be smaller).
3. Break the stop loss price below the previous low where the divergence occurred, which already means that the divergence is wrong.
Tìm kiếm tập lệnh với "MACD"
Grimes Modified MACD Supply DemandA follower of mine asked me if I could make a version of my www.tradingview.com script using the MACD. Well it just so happens I was making a few modifications to my MACD script: just as this question came up so I went ahead and threw this together.
The MACD that triggers the SR zones is pictured below, with key trigger points encircled to illustrate how it works.
MACD Divergence added in CM_MacD_Ult_MTFYou must have missed some trading opportunities of MACD Divergence due to oversight. So I create and share this script to help u seize the chances.
This indicator is based on CM_MacD_Ult_MTF created by ChrisMoody.
Elastic Volume Weighted MACD ( EVWMACD )The Elastic Volume Weighted MACD is a variation of standard MACD.
The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average.
I took the formula of EVWMA from public library coded by LazyBear.
I use EVWMACD as a trend confirmation indicator.
Just tune all lengths and parameters according to your instruments
EMA50Diff & MACD StrategyOne of my attempts to create a strategy for BTC.
Its a combination of EMA50Diff (the difference between spot and EMA50) and MACD.
Buy signal if (EMA50Diff) < -(EMADiffThreshold),
(MACD bearish crossunder),
(MACD) < -(MACDThreshold),
(EMA50Diff) > (EMA50Diff 1 candle ago),
(EMA50Diff 1 candle ago) < (EMA50Diff 2 candles ago)
Sell signal if (EMA50Diff) > (EMADiffThreshold),
(MACD bullish crossover),
(MACD) > (MACDThreshold),
(EMA50Diff) < (EMA50Diff 1 candle ago),
(EMA50Diff 1 candle ago) > (EMA50Diff 2 candles ago)
Exit either when target or stoploss get reached.
Initial capital is set to 100k and its currently going all-in on every trade but im looking for a better way to handle position sizes already..
Also i included slippage of 30 ticks and exchange commission of 0.15% (e.g. 2x BitMEX market taker fee)
Works best on 15m on bitfinex, bitstamp and gdax and i'm still trying to optimize it for bitmex too, will update when i got there..
Gunbot MACDgenOk this is just some strat based on MACD, checking for a few conditions until giving buy/sell signals to Gunbot via alerts.
It is generalized but if you want to go play with the values. I will continue to develop this further and am happy to receive feedback.
Notations are coming.
Usage notes:
-ONLY use this with TV_GAIN: 0.6 because on downtrends it is supposed to double up to pull down the average bought price!
-Use "buying condition" and "selling condition" for alerts, trigger on close and I suggest you use 3 min intervals but try what looks good to you
-Use this on pairs that are curvy and have atleast 0.6% gain between buy/sell triggers. This is also general advise when you want to take microprofits.
-Don't be confused with sell arrows, it will only trigger the bot sell on gain when you've set TV_GAIN
L'MACD GUNHi all!
I would like to present you my universal MACD module.
In addition to the standard functions I have added several improvements:
Source Selection.
In addition to the standard calculation of the moving average "EMA", in the parameter "MA Type" I have added 52 more methods for calculating the MA! :
ADXMA, AHMA, ALF, ALMA, ARI, ARSI, BlackFilter, CTI, DoubleEma, DTA, DWMA, EEO, EHMA, ELA, EMARSI, EREA, HEMA, hma, HWMA, JAMA, KA, KAMA, LSMA, LWMA, McGinley_2, MNMA, PAW, REMA, rma, RMF, RMTA, RWMA, sma, SMMA, SuperSmooth, THMA, TilsonT3, TMA, TRAMA, TripleEma, TSF, VAMA, VAR, VHMA, VIDYA, VVMA, vwma, WCD, wma, WWMA, ZEMA, ZLMA !
Additional histogram and lines from the higher timeframe. With the parameter "Multiple of TF" you can specify on which timeframe the standard histogram should be zoomed.
The Zoom function allows increasing or decreasing the size of the histogram. (It does not affect the calculations in any way, it is only used for visualization purposes.)
How to use it?
I recommend using it as a standard MACD. You can test different types of moving averages thanks to my modules and choose the one you find most suitable.
Tips:
The script is slightly heavy and may take a little longer to load than usual.
All MA types are in alphabetical order and tied to numbers.
Next to the "MA Type" parameter there is a hint which method of calculating MA corresponds to the figure. The default is 15. In the hint 15 = EMA. This is the standard method of calculating the MAСD.
To select the MA more quickly. You can switch them with the mouse wheel or the arrows on the keyboard.
I use the standard parameters prescribed in the script.
The code is calibrated for any TF and displays as correctly as possible. Can be used on any type of chart.
Multi color MACD with Triple EMA smoothing [cI:DH]At default settings, this indicator is identical to the built-in MACD.
Features:
- multi-color histogram
- background color change when MACD tops or bottoms
- additional smoothing using Triple EMA
Recommended settings:
- Triple EMA length 10 seem to be a good trade-off between smoothness and responsiveness
Stock Market Strategy : VWAP, MACD, EMA, Breakout, BBHello there,
Today I bring you a stock market strategy, specialized in NASDAQ stocks.
Its a daytrading strategy, that can only do a max of 1 trade per day. In this case it only trades the first 2 opening hours of the market.
The rules are simple :
We follow the trend based on a big EMA, in this case 200, after that, we check for VWAP direction , then, we check histogram from MACD. This is the simple logic of the strategy.
Inside there is another strategy, that not just do the above, but also uses Bollinger bands, and checks for breakout of bottom or top line. Also it uses Average directional Index, for even a bigger criteria .
So for example a long condition it would be : candle is above the ema, and candle is above vwap, and histogram is positive, and candle break the top bb level and ADI < 40 -> long signal . The opposite works for short(ADI > 20).
In this case all this criterias are between the first 2 hours of market. So we enter between the first hour, and exit in the next hour. For this we need to use very short time frames.
Hope you enjoy it.
Let me know if you have any questions
Mirror MACD by Trader JayThis is my take on the metatrader indicator, the mirror macd. Works pretty good on Forex, haven't tested on anything else
Enter long after the Blue Line Cross Up the Red Line and EXIT after the Green line Cross Up the Red Line (above the Blue Line).
For the opposite position : ENTER SELL after the Red Line Cross Down.
Sunil High-Frequency Strategy with Simple MACD & RSISunil High-Frequency Strategy with Simple MACD & RSI
This high-frequency trading strategy uses a combination of MACD and RSI to identify quick market opportunities. By leveraging these indicators, combined with dynamic risk management using ATR, it aims to capture small but frequent price movements while ensuring tight control over risk.
Key Features:
Indicators Used:
MACD (Moving Average Convergence Divergence): The strategy uses a shorter MACD configuration (Fast Length of 6 and Slow Length of 12) to capture quick price momentum shifts. A MACD crossover above the signal line triggers a buy signal, while a crossover below the signal line triggers a sell signal.
RSI (Relative Strength Index): A shorter RSI length of 7 is used to gauge overbought and oversold market conditions. The strategy looks for RSI confirmation, with a long trade initiated when RSI is below the overbought level (70) and a short trade initiated when RSI is above the oversold level (30).
Risk Management:
Dynamic Stop Loss and Take Profit: The strategy uses ATR (Average True Range) to calculate dynamic stop loss and take profit levels based on market volatility.
Stop Loss is set at 0.5x ATR to limit risk.
Take Profit is set at 1.5x ATR to capture reasonable price moves.
Trailing Stop: As the market moves in the strategy’s favor, the position is protected by a trailing stop set at 0.5x ATR, allowing the strategy to lock in profits as the price moves further.
Entry & Exit Signals:
Long Entry: Triggered when the MACD crosses above the signal line (bullish crossover) and RSI is below the overbought level (70).
Short Entry: Triggered when the MACD crosses below the signal line (bearish crossover) and RSI is above the oversold level (30).
Exit Conditions: The strategy exits long or short positions based on the stop loss, take profit, or trailing stop activation.
Frequent Trades:
This strategy is designed for high-frequency trading, with trade signals occurring frequently as the MACD and RSI indicators react quickly to price movements. It works best on lower timeframes such as 1-minute, 5-minute, or 15-minute charts, but can be adjusted for different timeframes based on the asset’s volatility.
Customizable Parameters:
MACD Settings: Adjust the Fast Length, Slow Length, and Signal Length to tune the MACD’s sensitivity.
RSI Settings: Customize the RSI Length, Overbought, and Oversold levels to better match your trading style.
ATR Settings: Modify the ATR Length and multipliers for Stop Loss, Take Profit, and Trailing Stop to optimize risk management according to market volatility.
Important Notes:
Market Conditions: This strategy is designed to capture smaller, quicker moves in trending markets. It may not perform well during choppy or sideways markets.
Optimizing for Asset Volatility: Adjust the ATR multipliers based on the asset’s volatility to suit the risk-reward profile that fits your trading goals.
Backtesting: It's recommended to backtest the strategy on different assets and timeframes to ensure optimal performance.
Summary:
The Sunil High-Frequency Strategy leverages a simple combination of MACD and RSI with dynamic risk management (using ATR) to trade small but frequent price movements. The strategy ensures tight stop losses and reasonable take profits, with trailing stops to lock in profits as the price moves in favor of the trade. It is ideal for scalping or intraday trading on lower timeframes, aiming for quick entries and exits with controlled risk.
BRT MACD CustomBRT MACD Custom — Adaptive and Flexible MACD for Multi-Timeframe Analysis
The BRT MACD Custom is an advanced version of the traditional MACD indicator, offering additional flexibility and adaptability for multi-timeframe trading. This custom script allows traders to adjust the calculation parameters for MACD to suit their specific trading strategy, timeframe, and market conditions.
Key Features
Multi-Timeframe Support
Unlike the standard MACD, this indicator lets you choose a specific timeframe (different from the chart timeframe) for calculating MACD values. This feature provides more flexibility in analyzing market trends on multiple timeframes without changing the main chart.
Example: You can analyze MACD on a 15-minute timeframe even when your chart is set to 1-minute, giving you broader market insights.
Customizable EMA and Signal Settings
Users can adjust the fast and slow EMA lengths as well as the signal smoothing to better align with their preferred trading strategies. The script allows switching between the two popular types of moving averages — SMA or EMA — for both the MACD and the signal line.
Volatility-Based Adaptive EMA
The script includes an adaptive mechanism for EMA calculation. When the selected timeframe closes, the indicator dynamically adjusts the calculation, ensuring the MACD values respond quickly to market volatility. This makes the indicator more reactive compared to static MACD implementations.
Shift Options for MACD, Signal, and Histogram
The indicator allows shifting the MACD, signal line, and histogram values by one or more bars. This can be useful for backtesting and simulating strategies where you anticipate future price movements.
Signal Alerts for Long and Short Trades
The script generates visual signals when certain conditions are met, indicating potential long or short trade opportunities. These signals are based on MACD and histogram crossovers:
Long Signal: Triggered when MACD is above the signal line and both are rising.
Short Signal: Triggered when MACD is below the signal line and both are falling.
Custom Plotting
The MACD line, signal line, and histogram are plotted on the chart for easy visualization. The histogram changes colors to reflect positive or negative momentum:
Green shades when MACD is above the signal line.
Red shades when MACD is below the signal line.
Applications in Trading
The BRT MACD Custom is ideal for traders who need flexibility in their technical analysis. Its multi-timeframe capabilities and customizable moving averages make it suitable for day trading, swing trading, and long-term investing across a variety of markets.
Scalping: Use the 1-minute or 5-minute timeframe to identify short-term trends while calculating MACD on a higher timeframe such as 15 or 30 minutes.
Swing Trading: Apply the indicator on 1-hour or 4-hour charts to detect mid-term trends.
Long-Term Investing: Analyze daily or weekly charts with longer EMA periods to confirm market direction before making large investments.
Custom MACD Oscillator with Bar ColoringCustom MACD Oscillator with Bar Coloring
This custom MACD indicator is a fusion of two powerful MACD implementations, combining the best features of both the MACD Crossover by HPotter and the Multiple Time Frame Custom MACD Indicator by ChrisMoody. The indicator enhances the traditional MACD with customizable options and dynamic bar coloring based on the relationship between the MACD and Signal lines, providing a clear visual representation of momentum shifts in the market.
Key Features:
MACD Oscillator: Built on the core MACD principle, showing the difference between two Exponential Moving Averages (EMA) for momentum tracking.
Signal Line: A Simple Moving Average (SMA) of the MACD, helping to identify potential entry/exit points through crossovers.
Multiple Time Frame Support: Allows users to view MACD and Signal data from different timeframes, giving a broader view of the market dynamics.
Bar Coloring: Bars are colored green when the MACD is above the Signal line (bullish), red when the MACD is below (bearish), and blue during neutral conditions.
Histogram with Custom Colors: A customizable histogram visualizes the difference between the MACD and Signal lines with color-coding to represent changes in momentum.
Cross Dots: Visual markers at points where the MACD crosses the Signal line for easy identification of potential trend shifts.
This indicator is a versatile tool for traders who want to visualize MACD-based momentum and crossover signals in multiple timeframes with clear visual cues on price bars.
Scalping with Williams %R, MACD, and SMA (1m)Overview:
This trading strategy is designed for scalping in the 1-minute timeframe. It uses a combination of the Williams %R, MACD, and SMA indicators to generate buy and sell signals. It also includes alert functionalities to notify users when trades are executed or closed.
Indicators Used:
Williams %R : A momentum indicator that measures overbought and oversold conditions. The Williams %R values range from -100 to 0.
Length: 140 bars (i.e., 140-period).
MACD (Moving Average Convergence Divergence) : A trend-following momentum indicator that shows the relationship between two moving averages of a security's price.
Fast Length: 24 bars
Slow Length: 52 bars
MACD Length: 9 bars (signal line)
SMA (Simple Moving Average) : A trend-following indicator that smooths out price data to create a trend-following indicator.
Length: 7 bars
Conditions and Logic:
Timeframe Check :
The strategy is designed specifically for the 1-minute timeframe. If the current chart is not on the 1-minute timeframe, a warning label is displayed on the chart instructing the user to switch to the 1-minute timeframe.
Williams %R Conditions :
Buy Condition: The strategy looks for a crossover of Williams %R from below -94 to above -94. This indicates a potential buying opportunity when the market is moving out of an oversold condition.
Sell Condition: The strategy looks for a crossunder of Williams %R from above -6 to below -6. This indicates a potential selling opportunity when the market is moving out of an overbought condition.
Deactivate Buy: If Williams %R crosses above -40, the buy signal is deactivated, suggesting that the buying condition is no longer valid.
Deactivate Sell: If Williams %R crosses below -60, the sell signal is deactivated, suggesting that the selling condition is no longer valid.
MACD Conditions :
MACD Histogram: Used to identify the momentum and the direction of the trend.
Long Entry: The strategy initiates a buy order if the MACD histogram shows a positive bar after a negative bar while a buy condition is active and Williams %R is above -94.
Long Exit: The strategy exits the buy position if the MACD histogram turns negative and is below the previous histogram bar.
Short Entry: The strategy initiates a sell order if the MACD histogram shows a negative bar after a positive bar while a sell condition is active and Williams %R is below -6.
Short Exit: The strategy exits the sell position if the MACD histogram turns positive and is above the previous histogram bar.
Trend Confirmation (Using SMA) :
Bullish Trend: The strategy considers a bullish trend if the current price is above the 7-bar SMA. A buy signal is only considered if this condition is met.
Bearish Trend: The strategy considers a bearish trend if the current price is below the 7-bar SMA. A sell signal is only considered if this condition is met.
Alerts:
Long Entry Alert: An alert is triggered when a buy order is executed.
Long Exit Alert: An alert is triggered when the buy order is closed.
Short Entry Alert: An alert is triggered when a sell order is executed.
Short Exit Alert: An alert is triggered when the sell order is closed.
Summary:
Buy Signal: Activated when Williams %R crosses above -94 and the price is above the 7-bar SMA. A buy order is placed if the MACD histogram shows a positive bar after a negative bar. The buy order is closed when the MACD histogram turns negative and is below the previous histogram bar.
Sell Signal: Activated when Williams %R crosses below -6 and the price is below the 7-bar SMA. A sell order is placed if the MACD histogram shows a negative bar after a positive bar. The sell order is closed when the MACD histogram turns positive and is above the previous histogram bar.
This strategy combines momentum (Williams %R), trend-following (MACD), and trend confirmation (SMA) to identify trading opportunities in the 1-minute timeframe. It is designed for short-term trading or scalping.
Biquad MACDThis indicator reimagines the traditional MACD by incorporating a biquad band pass filter, offering a refined approach to identifying momentum and trend changes in price data. The standard MACD is essentially a band pass filter, but often it lacks precision. The biquad band pass filter addresses this limitation by providing a more focused frequency range, enhancing the quality of signals.
The MACD Length parameter determines the length of the band pass filter, influencing the frequency range that is isolated. Adjusting this length allows you to focus on different parts of the price movement spectrum.
The Bandwidth (BW) setting controls the width of the frequency band in octaves. It affects the smoothness of the MACD line. A larger bandwidth results in less smooth output, capturing a broader range of frequencies, while a smaller bandwidth focuses on a narrower range, providing a smoother signal.
The Signal Length parameter sets the period for the exponential moving average of the MACD line, which acts as a signal line to identify potential buy and sell points.
Key Features of the Biquad MACD
The MACD is a well-known momentum indicator used to identify changes in the strength, direction, momentum, and duration of a trend in a stock's price. By applying a biquad band pass filter, this version of the MACD provides a more refined and accurate representation of price movements.
The biquad filter offers smooth response and minimal phase distortion, making it ideal for technical analysis. The customizable MACD length and bandwidth allow for flexible adaptation to different trading strategies and market conditions. The signal line smooths the MACD values, providing clear crossover points to indicate potential market entry and exit signals.
The histogram visually represents the difference between the MACD and the signal line, changing colors to indicate rising or falling momentum, which helps in quickly identifying trend changes.
By incorporating the Biquad MACD into your trading toolkit, you can enhance your chart analysis with clearer insights into momentum and trend changes, leading to more informed trading decisions.
Filtered MACD with Backtest [UAlgo]The "Filtered MACD with Backtest " indicator is an advanced trading tool designed for the TradingView platform. It combines the Moving Average Convergence Divergence (MACD) with additional filters such as Moving Average (MA) and Average Directional Index (ADX) to enhance trading signals. This indicator aims to provide more reliable entry and exit points by filtering out noise and confirming trends. Additionally, it includes a comprehensive backtesting module to simulate trading strategies and assess their performance based on historical data. The visual backtest module allows traders to see potential trades directly on the chart, making it easier to evaluate the effectiveness of the strategy.
🔶 Customizable Parameters :
Price Source Selection: Users can choose their preferred price source for calculations, providing flexibility in analysis.
Filter Parameters:
MA Filter: Option to use a Moving Average filter with types such as EMA, SMA, WMA, RMA, and VWMA, and a customizable length.
ADX Filter: Option to use an ADX filter with adjustable length and threshold to determine trend strength.
MACD Parameters: Customizable fast length, slow length, and signal smoothing for the MACD indicator.
Backtest Module:
Entry Type: Supports "Buy and Sell", "Buy", and "Sell" strategies.
Stop Loss Types: Choose from ATR-based, fixed point, or X bar high/low stop loss methods.
Reward to Risk Ratio: Set the desired take profit level relative to the stop loss.
Backtest Visuals: Display entry, stop loss, and take profit levels directly on the chart with
colored backgrounds.
Alerts: Configurable alerts for buy and sell signals.
🔶 Filtered MACD : Understanding How Filters Work with ADX and MA
ADX Filter:
The Average Directional Index (ADX) measures the strength of a trend. The script calculates ADX using the user-defined length and applies a threshold value.
Trading Signals with ADX Filter:
Buy Signal: A regular MACD buy signal (crossover of MACD line above the signal line) is only considered valid if the ADX is above the set threshold. This suggests a stronger uptrend to potentially capitalize on.
Sell Signal: Conversely, a regular MACD sell signal (crossunder of MACD line below the signal line) is only considered valid if the ADX is above the threshold, indicating a stronger downtrend for potential shorting opportunities.
Benefits: The ADX filter helps avoid whipsaws or false signals that might occur during choppy market conditions with weak trends.
MA Filter:
You can choose from various Moving Average (MA) types (EMA, SMA, WMA, RMA, VWMA) for the filter. The script calculates the chosen MA based on the user-defined length.
Trading Signals with MA Filter:
Buy Signal: A regular MACD buy signal is only considered valid if the closing price is above the MA value. This suggests a potential uptrend confirmed by the price action staying above the moving average.
Sell Signal: Conversely, a regular MACD sell signal is only considered valid if the closing price is below the MA value. This suggests a potential downtrend confirmed by the price action staying below the moving average.
Benefits: The MA filter helps identify potential trend continuation opportunities by ensuring the price aligns with the chosen moving average direction.
Combining Filters:
You can choose to use either the ADX filter, the MA filter, or both depending on your strategy preference. Using both filters adds an extra layer of confirmation for your signals.
🔶 Backtesting Module
The backtesting module in this script allows you to visually assess how the filtered MACD strategy would have performed on historical data. Here's a deeper dive into its features:
Backtesting Type: You can choose to backtest for buy signals only, sell signals only, or both. This allows you to analyze the strategy's effectiveness in different market conditions.
Stop-Loss Types: You can define how stop-loss orders are placed:
ATR (Average True Range): This uses a volatility measure (ATR) multiplied by a user-defined factor to set the stop-loss level.
Fixed Point: This allows you to specify a fixed dollar amount or percentage value as the stop-loss.
X bar High/Low: This sets the stop-loss at a certain number of bars (defined by the user) above/below the bar's high (for long positions) or low (for short positions).
Reward-to-Risk Ratio: Define the desired ratio between your potential profit and potential loss on each trade. The backtesting module will calculate take-profit levels based on this ratio and the stop-loss placement.
🔶 Disclaimer:
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
RSI and MACD Composite ScoreComponents of the Indicator
RSI Settings:
The RSI is set with a length parameter, which can be adjusted by the user but defaults to 14. This measures the speed and change of price movements.
MACD Settings:
The MACD is composed of two lines: the MACD line and the signal line, which are calculated from exponential moving averages (EMAs) of different lengths (fast and slow). The default settings are 9 for the fast length, 26 for the slow length, and 3 for the signal length.
The MACD histogram, which is the difference between the MACD line and the signal line, is also calculated.
Normalization and Combination
RSI Normalization : The RSI values are normalized around 0 by subtracting 50 from the RSI and then dividing by 50. This scaling adjusts the RSI to fluctuate around 0, where positive values indicate strength and negative values indicate weakness relative to the median RSI value of 50.
MACD Normalization : The MACD histogram is normalized by dividing it by the highest absolute value of the histogram over the slow length period. This adjustment scales the MACD histogram to fall between -1 and 1, making it comparable in magnitude to the normalized RSI.
Composite Score Calculation
The composite score is simply the sum of the normalized RSI and the normalized MACD histogram. This results in a combined score that reflects both momentum (from RSI) and trend (from MACD), providing a multifaceted view of market dynamics.
Visualization
The composite score is plotted as an oscillator, with a horizontal zero line that helps identify when the score shifts from positive to negative or vice versa.
The background color changes based on the trend: green if the composite score is above zero (bullish trend) and red if below zero (bearish trend).
Dual-Supertrend with MACD - Strategy [presentTrading]## Introduction and How it is Different
The Dual-Supertrend with MACD strategy offers an amalgamation of two trend-following indicators (Supertrend 1 & 2) with a momentum oscillator (MACD). It aims to provide a cohesive and systematic approach to trading, eliminating the need for discretionary decision-making.
Key advantages over traditional single-indicator strategies:
- Dual Supertrend Validation: Utilizes two Supertrend indicators with different ATR periods and factors to confirm the trend direction. This double-check mechanism minimizes false signals.
- Momentum Confirmation: The MACD histogram acts as a momentum filter, confirming entries and exits, thus adding an extra layer of validation.
- Objective Entry and Exit: The strategy generates buy and sell signals based on a combination of trend direction and momentum, leaving no room for subjective interpretation.
- Automated Trade Management: The strategy includes built-in settings for commission, slippage, and initial capital, automating the trade execution process.
- Adaptability: The strategy allows for easy customization of all its parameters, adapting to a trader's specific needs and varying market conditions.
BTCUSD 8hr chart Long Condition
BTCUSD 6hr chart Long Short Condition
## Strategy, How it Works
The strategy operates on a set of clearly defined rules, primarily focusing on the trend direction confirmed by the Dual-Supertrend and the momentum as indicated by the MACD histogram.
### Entry Rules
- Long Entry: When both Supertrend indicators are bullish and the MACD histogram is above zero.
- Short Entry: When both Supertrend indicators are bearish and the MACD histogram is below zero.
### Exit Rules
- Exit long positions when either of the Supertrends turn bearish or the MACD histogram drops below zero.
- Exit short positions when either of the Supertrends turn bullish or the MACD histogram rises above zero.
### Trade Management
- The strategy uses a fixed commission rate and slippage in its calculations.
- Automated risk management features are integrated to avoid overexposure.
## Trade Direction
The strategy allows for trading in both bullish and bearish markets. Users can select their preferred trading direction ("long", "short", or "both") to align with their market outlook and trading objectives.
## Usage
- The strategy is best applied on timeframes where the trend is evident.
- Users can modify the ATR periods, factors for Supertrends, and MACD settings to suit their trading needs.
## Default Settings
- ATR Period for Supertrend 1: 10
- Factor for Supertrend 1: 3.0
- ATR Period for Supertrend 2: 20
- Factor for Supertrend 2: 5.0
- MACD Fast Length: 12
- MACD Slow Length: 26
- MACD Signal Smoothing: 9
- Commission: 0.1%
- Slippage: 1 point
- Trading Direction: Both
The strategy comes with these default settings to offer a balanced trading approach but can be customized according to individual trading preferences.
MACD Bands - Multi Timeframe [TradeMaster Lite]We present a customizable MACD indicator, with the following features:
Multi-timeframe
Deviation bands to spot unusual volatility
9 Moving Average types
Conditional coloring and line crossings
👉 What is MACD?
MACD is a classic, trend-following indicator that uses moving averages to identify changes in momentum. It can be used to identify trend changes, overbought and oversold conditions, and potential reversals.
👉 Multi-timeframe:
This feature allows to analyze the same market data on multiple time frames, which can be in help to identify trends and patterns that would not be visible on a single time frame. When using the multi-timeframe feature, it is important to start with the higher time frame and then look for confirmation on the lower time frames. This will help you to avoid false signals. Please note that only timeframes higher than the chart timeframe is supported currently with this feature enabled. Might get updated in the future.
👉 Deviation bands to spot unusual volatility:
Deviation bands are plotted around the Signal line that can be in help to identify periods of unusual volatility. When the MACD line crosses outside of the deviation bands, it suggests that the market is becoming more volatile and a strong trend may form in that direction.
👉 9 Moving Average types can be used in the script. Each type of moving average offers a unique perspective and can be used in different scenarios to identify market trends.
SMA (Simple Moving Average): This calculates the average of a selected range of values, by the number of periods in that range.
SMMA (Smoothed Moving Average): This takes into account all data available and assigns equal weighting to the values.
EMA (Exponential Moving Average): This places a greater weight and significance on the most recent data points.
DEMA (Double Exponential Moving Average): This is a faster-moving average that uses a proprietary calculation to reduce the lag in data points.
TEMA (Triple Exponential Moving Average): This is even quicker than the DEMA, helping traders respond more quickly to changes in trend.
LSMA (Least Squares Moving Average): This moving average applies least squares regression method to determine the future direction of the trend.
HMA (Hull Moving Average): This moving average is designed to reduce lag and improve smoothness, providing quicker signals for short-term market movements.
VWMA (Volume Weighted Moving Average): This assigns more weight to candles with a high volume, reflecting the true average values more accurately in high volume periods.
WMA (Weighted Moving Average): This assigns more weight to the latest data, but not as much as the EMA.
👉 Conditional coloring :
This feature colors the MACD line line based on it's direction and fills the area between the MACD line and Deviation band edges to highlight the potential volatility and the strength of the momentum. This can be useful to identify when the market is trending strongly and when it is in a more neutral or choppy state.
👉 MACD Line - Signal Line crossings:
This is a classic MACD trading signal that occurs when the MACD line crosses above or below the signal line. Crossovers can be used to identify potential trend reversals. This can be a bullish or bearish signal, depending on the direction of the crossover.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
This is a lagging indicator. Please note that the indicator is using moving averages, which are lagging indicators.
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Impulse MACD buy OwlPixelDescription:
The Impulse MACD Buy Indicator, developed by OwlPixel, is a powerful trading tool for traders using TradingView's Pine Script version 5. This indicator aims to provide valuable insights for identifying potential buy signals in the market using the popular MACD (Moving Average Convergence Divergence) oscillator.
Key Features:
MACD Analysis: The indicator displays the MACD line (blue) and the signal line (orange) on the chart, helping traders assess the momentum and trend direction of an asset.
Impulse Histo: The Impulse Histo (blue histogram) visualizes the difference between the MACD line and the signal line, making it easier to spot changes in market strength and potential trend reversals.
Impulse MACD CD Signal: This histogram (maroon color) highlights the divergence between the Impulse Histo and the signal line, providing further insights into trend shifts.
Background Boxes: The indicator features three rows of different colored background boxes that represent distinct market conditions - an uptrend (light green), a downtrend (light red), and a neutral trend (light yellow).
Crossover Points: Buy signals are marked with green circles when the MACD line crosses above the signal line, suggesting potential entry points for long positions.
Demand and Supply Bars: The demand (lime/green) and supply (red/orange) bars are intensified, aiding traders in identifying possible reversal areas.
Stop Loss and Take Profit:
The Impulse MACD Buy Indicator automatically calculates Stop Loss (SL) and Take Profit (TP) levels for buy signals. The SL level is set at the highest of the last three candles, while the TP level is determined by a user-defined percentage of the closing price. This information helps traders manage risk and optimize their profit potential.
Usage:
Apply the Impulse MACD Buy Indicator to your TradingView chart by copying the provided Pine Script into the Pine Editor.
Configure the input parameters, such as the MA Length and Signal Length, to suit your trading preferences.
Observe the MACD line, signal line, and histograms to gain insights into market momentum and trends.
Identify buy signals when the MACD line crosses above the signal line, signaled by green circles.
Utilize the provided Stop Loss and Take Profit levels for risk management and exit strategies.
Please note that this indicator is for informational purposes only and should be used in conjunction with other analysis techniques to make well-informed trading decisions. Happy trading!
Flat & Trend MACD💡 The MACD indicator with trend interpretation and flat zones on top of the chart!
👉 This indicator clearly shows the zones of predominance of buyers, sellers, as well as zones of uncertainty (flat).
Suitable for any instrument and timeframe!
The MACD settings are standard.
The setup menu sets the length of Fast, Slow and smoothing for calculating the MACD oscillator.
🔹The indicator tracks the value of the MACD relative to zero, taking into account the uncertainty zone, which is calculated at 50% of the average value of the deviation of the MACD for a short period. This avoids most false buy and sell signals.
🔹When the MACD value is positive and goes beyond uncertainty, a buy signal appears (green triangle on the chart), when the MACD value is negative and goes beyond uncertainty, a sell signal appears (red triangle on the chart). The built-in alert gives a signal of a trend change.
Also, the trend direction is highlighted by the background color of the price channel on the chart.
🔹If the MACD value is in the zone of uncertainty of the buyer and seller, the background turns gray and an orange square appears on the chart. The built-in alert gives a signal about the beginning of the flat zone.
A scoreboard is displayed in the upper right corner, which shows the current status of the indicator and a warning about the presence of a flat.
The flat display can be disabled in the indicator settings.
The colors can be changed in the Style menu.
👉 I wish everyone a profit and be sure to follow risk management in trading!
For any questions, you can write to me in private messages or by the contacts in my signature.
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💡 Индикатор MACD с интерпретацией тренда и флэтовых зон поверх графика!
👉 Данный индикатор наглядно показывает зоны преобладания покупателей, продавцов, а также зоны неопределенности (флэт).
Подходит для любого инструмента и таймфрейма!
Параметры настройки MACD - стандартные.
В меню настройки задается длина Fast, Slow и сглаживание для расчета MACD-осциллятора.
🔹Индикатор отслеживает значение MACD относительно нуля с учётом зон неопределённости, которая расчитывается в 50% среднего значения отклонения MACD за небольшой период. Это позволяет избежать большинства ложных сигналов на покупку и продажу.
🔹Когда значение MACD является положительным и выходит за пределы неопределённости - появляется сигнал на покупку (зеленый треугольник на графике), когда значение MACD является отрицательным и выходит за пределы неопределённости - появляется сигнал на продажу (красный треугольник на графике). Встроенное оповещение дает сигнал о смене тренда.
Также направление тренда подсвечивается окраской фона ценового канала на графике.
🔹Если значение MACD находится в зоне неопределённости покупателя и продавца - фон окрашивается в серый цвет и на графике появляется оранжевый квадрат. Встроенное оповещение дает сигнал о начале зоны флэта.
В правом верхнем углу высвечивается табло, которое показывает текущий статус индикатора и предупреждение о наличии флэта.
Отображение флэта можно отключить в настройках индикатора.
Цвета можно изменить в меню "Стиль".
👉 Желаю всем профита и обязательно соблюдайте риск-менеджмент в торговле!
По любым вопросам Вы можете написать мне в личные сообщения или по контактам в моей подписи.
MACD Normalized [ChartPrime]Overview of MACD Normalized Indicator
The MACD Normalized indicator, serves as an asset for traders seeking to harness the power of the moving average convergence divergence (MACD) combined with the advantages of the stochastic oscillator. This novel indicator introduces a normalized MACD, offering a potentially enhanced flexibility and adaptability to numerous market conditions and trading techniques.
This indicator stands out by normalizing the MACD to its average high and average low, also factoring in the deviation of the high-low position from the mean. This approach incorporates the high and low in the calculations, providing the benefits of stochastic without its common drawbacks, such as clipping problems. As a result, the indicator becomes exceptionally versatile and suitable for various trading strategies, including both faster and slower settings.
The MACD Normalized Indicator boasts a variety of options and settings. The features include:
Enable Ribbon: Toggle the display of the ribbon accompanying the MACD Normalized, as desired.
Fast Length: Determine the movement speed of the fast line to receive advance notice of potential market opportunities.
Slow Length: Control the movement pace of the slow line for smoother signals and a comprehensive outlook on market trends.
Average Length: Specify the length used to calculate the high and low averages, providing greater control over the indicator's granularity.
Upper Deviation: Establish the extent to which the high and low values deviate from the mean, ensuring adaptability to diverse market situations.
Inner Band (Middle Deviation): Adjust the balance between the high and low deviations to create an inner band signal, giving traders a secondary level of market analysis and decision-making support.
Enable Candle Color: Enable the coloring of candles based on the MACD Normalized value for effortless visualization of trading potential.
Use Cases for the MACD Normalized Indicator
In addition to analyzing market trends and identifying potential trading opportunities, ChartPrime's MACD Normalized Indicator offers a range of applications for traders. These use cases encompass distinct trading scenarios and strategies:
Overbought and Oversold Regions
One of the key applications of the MACD Normalized Indicator is identifying overbought and oversold regions. Overbought refers to a situation where an asset's price has risen significantly and is expected to face a downturn, while oversold indicates a price drop that may subsequently lead to a reversal.
By adjusting the indicator's parameters, such as the upper and inner deviation levels, traders can set precise boundaries to determine overbought and oversold areas. When the MACD moves into the upper region, it may signal that the asset is overbought and due for a price correction. Conversely, if the MACD enters the lower region, it possibly indicates an oversold condition with the potential for a price rebound.
Signal Line Crossovers
The MACD Normalized Indicator displays two lines: the fast line and the slow line (inner band). A common trading strategy involves observing the intersection of these two lines, known as a crossover. When the fast line crosses above the slow line, it may signify a bullish trend or a potential buying opportunity. Conversely, a crossover with the fast line moving below the slow line typically indicates a bearish trend or a selling opportunity.
Divergence and Convergence
Divergence occurs when the price movement of an asset does not align with the corresponding MACD values. If the price establishes a new high while the MACD fails to do the same, a bearish divergence emerges, suggesting a potential downtrend. Similarly, a bullish divergence takes place when the price forms a new low but the MACD does not follow suit, hinting at an upcoming uptrend.
Convergence, on the other hand, is represented by the MACD lines moving closer together. This movement signifies a potential change in the trend, providing traders with a timely opportunity to enter or exit the market.
